G7 shelves Russian oil cap reviews as prices soar ahead of supply cuts
The G7 countries along with the European Union and Australia imposed the price cap mechanism on Russian oil in December 2022, followed by a cap on fuel from February 2023...
Tag : oil
Gulf region’s asset management market to reach USD 500 billion milestone by 2026: Report
The report observed the presence of several tailwinds that are shifting trends in the region’s asset management industry...
Moscow plans to reveal new parameters, extends oil export reduction
Russia has been reducing output and exports in concert with Saudi Arabia in addition to current OPEC+ limits...
Hollywood film ‘Sands of Fortune’ to spotlight Saudi’s lucrative oil industry
Saudi Arabia discovered oil at 1,440 meters in the Dammam oilfield in March 1938...
Business Leader of the Week: Meet Amin Hassan Nasser, CEO of Aramco
Amin Hassan Nasser's stint with Saudi Aramco started in 1982 as an engineer in the oil production department, following which he went on to work in the venture's drilling and reservoir wing...
Kuwait records first budget surplus in nine years thanks to soaring oil prices
Over the course of a year, Kuwait brought in 28.8 billion dinars, a 54.7 per cent increase over the previous year...
Oil prices slide further amid concerns over China’s economic growth
China, the top oil importer in the world, is experiencing a sputtering recovery, which continues to worry the market...
Canada’s net-zero emissions target at risk, says regulator
The CER's annual report outlined three scenarios for Canada's net-zero ambition, emphasizing the challenges of reducing emissions nationally...
Kenya to invest more in oil facilities?
Currently, Kenya does not produce any hydrocarbons, although the country most likely has the potential to become an oil producer after 2030...
After a two-year hiatus, US oil shipment heads to South Africa
Kpler data show that Saudi Arabia, West and Central Africa, and South Africa are the primary sources of South Africa's oil...